Business

Portugal to hold snap election in March after PM’s resignation

1 Mins read

Unlock the Editor’s Digest for free

Portugal’s president has called a snap general election for March, following the shock resignation of prime minister António Costa.

President Marcelo Rebelo de Sousa on Thursday night announced the March 10 date after Costa, a Socialist in power since 2015, resigned this week hours after prosecutors executed several arrest warrants and raids in an investigation into possible corruption and malfeasance by public officials.

The Socialists won an outright majority in the last vote in early 2022 and had been leading in the polls, but their standing versus the main opposition Social Democrats is likely to have been hurt by the corruption scandal, which relates to lithium mining and hydrogen production projects.

Read the full article here

Related posts
Business

‘We had to buy them’: old emails haunt Mark Zuckerberg in high-stakes trial

4 Mins read
A critical part of Mark Zuckerberg’s defence in the most serious antitrust challenge in Meta’s history this week had little to do…
Business

UnitedHealth shares plunge 20% after insurer slashes profit forecast

1 Mins read
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UnitedHealth shares…
Business

Nvidia to take $5.5bn hit as US clamps down on exports of AI chips to China

3 Mins read
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *